Heritage Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	309.52	262.9	247.47	217.28	174.28	189.83
Interest Income on Investments	57.88	51.34	62.24	67.18	53.18	23
Total Interest Income	367.4	314.24	309.71	284.47	227.46	212.83
Interest Paid on Deposits	83.08	79.34	75.07	39.35	6.77	6.16
Interest Paid on Borrowings	4.66	10.5	25.28	19.96	1.3	0.88
Total Interest Expense	87.75	89.83	100.35	59.31	8.07	7.04
Net Interest Income	279.66	224.41	209.36	225.16	219.39	205.79
Net Interest Income Growth	27.23%	7.18%	-7.01%	2.63%	6.61%	2.38%
Gain (Loss) on Sale of Assets	-	0.01	1.55	0	0.47	4.41
Gain (Loss) on Sale of Investments	-0.22	-10.74	-22.74	-10.63	-0.26	0.03
Other Non-Interest Income	35.47	32.47	28.64	28.95	28.75	26.54
Total Non-Interest Income	35.25	21.73	7.47	18.66	29.59	34.62
Non-Interest Income Growth	106.93%	190.81%	-59.96%	-36.93%	-14.51%	-7.02%
Revenues Before Loan Losses	314.91	246.14	216.84	243.82	248.98	240.4
Provision for Loan Losses	-0.49	1.97	6.28	4.28	-1.43	-29.37
Revenue	315.4	244.17	210.56	239.54	250.4	269.78
Revenue Growth	35.44%	15.96%	-12.10%	-4.34%	-7.18%	33.47%
Salaries and Employee Benefits	125.61	99.08	94.18	95.76	88.3	85.1
Occupancy Expenses	15.56	12.32	12.91	19.16	17.47	17.24
Federal Deposit Insurance	3.65	3.21	3.26	3.31	2.02	2.11
Amortization of Goodwill & Intangibles	8.24	1.17	1.64	2.43	2.75	3.11
Selling, General & Administrative	46.58	32.01	29.13	27.6	23.84	26.19
Other Non-Interest Expense	24.68	17.77	17.18	18.37	16.6	15.52
Total Non-Interest Expense	224.32	165.57	158.3	166.62	150.97	149.27
EBT Excluding Unusual Items	91.08	78.6	52.26	72.92	99.44	120.51
Pretax Income	91.08	78.6	52.26	72.92	99.44	120.51
Income Tax Expense	13.63	11.07	9	11.16	17.56	22.47
Net Income	77.45	67.53	43.26	61.76	81.88	98.04
Net Income to Common	77.45	67.53	43.26	61.76	81.88	98.04
Net Income Growth	35.35%	56.11%	-29.95%	-24.57%	-16.48%	110.54%
Basic Shares Outstanding	39	34	34	35	35	36
Diluted Shares Outstanding	39	34	35	35	35	36
Shares Change	13.24%	-1.27%	-1.02%	-0.58%	-1.42%	-0.54%
EPS (Basic)	2.01	1.99	1.26	1.76	2.33	2.75
EPS (Diluted)	1.99	1.96	1.24	1.75	2.31	2.73
EPS Growth	20.40%	58.06%	-29.14%	-24.24%	-15.38%	111.63%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Dividend Per Share	0.490	0.960	0.920	0.880	0.840	0.810
Dividend Growth	-48.42%	4.35%	4.54%	4.76%	3.70%	1.25%
Effective Tax Rate	14.97%	14.09%	17.22%	15.30%	17.66%	18.65%

SEC Filings: 10-K · 10-Q